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Exxon evacuates staff from Papua New Guinea LNG project due to unrest

Published 11/22/2017, 10:12 PM
Updated 11/22/2017, 10:12 PM
© Reuters.  Exxon evacuates staff from Papua New Guinea LNG project due to unrest

© Reuters. Exxon evacuates staff from Papua New Guinea LNG project due to unrest

  • Exxon Mobil (NYSE:XOM) says it has evacuated non-essential workers at its PNG LNG liquefied natural gas project in Papua New Guinea due to unrest in the area, but operations are continuing.
  • XOM says its gas conditioning plant at Hides, which processes gas before it is sent via a 472-mile pipeline to the PNG LNG export plant at Port Moresby, is continuing to operate.
  • Violence has escalated in the area due to anger among locals over an election earlier this year and disputes over royalties from the PNG LNG project; an XOM worker was abducted last week but later was released unharmed.
  • Oil Search (OTCPK:OISHF, OTCPK:OISHY), which operates oil and gas fields in the area and is a partner in PNG LNG, says its operations have not been affected and its staff is working as normal.
  • Now read: Exxon Mobil Corporation 2017 Q3 - Results - Earnings Call Slides


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